[Federal Register Volume 82, Number 48 (Tuesday, March 14, 2017)]
[Notices]
[Pages 13593-13594]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-05045]


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BUREAU OF CONSUMER FINANCIAL PROTECTION


Credit Union Advisory Council Meeting

AGENCY: Bureau of Consumer Financial Protection.

ACTION: Notice of public meeting.

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SUMMARY: This notice sets forth the announcement of a public meeting of 
the Credit Union Advisory Council (CUAC or Council) of the Consumer 
Financial Protection Bureau (CFPB or Bureau). The notice also describes 
the functions of the Council. Notice of the meeting is permitted by 
section 9 of the CUAC Charter and is intended to notify the public of 
this meeting.

DATES: The meeting date is Thursday, March 30, 2017, 3:15 p.m. to 4:45 
p.m. eastern daylight time.

ADDRESSES: The meeting location is the Consumer Financial Protection 
Bureau, 1275 First Street NE., Washington, DC 20002.

FOR FURTHER INFORMATION CONTACT: Crystal Dully, Outreach and Engagement 
Associate, 202-435-9588, [email protected], Consumer 
Advisory Board and Councils Office, External

[[Page 13594]]

Affairs, 1275 First Street NE., Washington, DC 20002.

SUPPLEMENTARY INFORMATION:

I. Background

    Under section 9(d) of the CUAC Charter, each meeting of the Council 
shall be open to public observation, to the extent that a facility is 
available to accommodate the public, unless the Bureau, in accordance 
with paragraph (4) of this section, determines that the meeting shall 
be closed. The Bureau also will make reasonable efforts to make the 
meetings available to the public through live recording. Notice of the 
time, place an purpose of each meeting, as well as a summary of the 
proposed agenda, shall be published in the Federal Register not more 
than 45 or less than 15 days prior to the scheduled meeting date. 
Shorter notice may be given when the Bureau determines that the 
Council's business so requires; in such event, the public will be given 
notice at the earliest practicable time. Minutes of meetings, records, 
reports, studies, and agenda of the Council shall be posted on the 
Bureau's Web site (www.consumerfinance.gov). The Bureau may close to 
the public a portion of any meeting, for confidential discussion. If 
the Bureau closes a meeting or any portion of a meeting, the Bureau 
will issue, at least annually, a summary of the Council's activities 
during such closed meetings or portions of meetings.
    Section 2 of the CUAC Charter provides that pursuant to the 
executive and administrative powers conferred on the Consumer Financial 
Protection Bureau by section 1012 of the Dodd-Frank Wall Street Reform 
and Consumer Protection Act (Dodd-Frank Act), the Director established 
the Credit Union Advisory Council to consult with the Bureau in the 
exercise of its functions under the Federal consumer financial laws as 
they pertain to credit unions with total assets of $10 billion or less.
    Section 3(a) of the CUAC Charter states that the CFPB supervises 
depository institutions and credit unions with total assets of more 
than $10 billion and their respective affiliates, but other than the 
limited authority conferred by section 1026 of the Dodd-Frank Act, the 
CFPB does not have supervisory authority regarding credit unions and 
depository institutions with total assets of $10 billion or less. As a 
result, the CFPB does not have regular contact with these institutions, 
and it would therefore be beneficial to create a mechanism to ensure 
that their unique perspectives are shared with the Bureau. Small 
Business Regulatory Enforcement Fairness Act (SBREFA) panels provide 
one avenue to gather this input, but participants from credit unions 
must possess no more than $175 million in assets, which precludes the 
participation of many. Under section 3(b), the Advisory Council shall 
fill this gap by providing an interactive dialogue and exchange of 
ideas and experiences between credit union employees and Bureau staff. 
The Advisory Council shall advise generally on the Bureau's regulation 
of consumer financial products or services and other topics assigned to 
it by the Director. To carry out the Advisory Council's purpose, the 
scope of its activities shall include providing information, analysis, 
and recommendations to the Bureau. The output of Advisory Council 
meetings should serve to better inform the CFPB's policy development, 
rulemaking, and engagement functions.

II. Agenda

    The Credit Union Advisory Council will discuss alternative data and 
consumer access to financial records. Persons who need a reasonable 
accommodation to participate should contact [email protected], 
202-435-9EEO, 1-855-233-0362, or 202-435-9742 (TTY) at least ten 
business days prior to the meeting or event to request assistance. The 
request must identify the date, time, location, and title of the 
meeting or event, the nature of the assistance requested, and contact 
information for the requester. CFPB will strive to provide, but cannot 
guarantee that accommodation will be provided for late requests.
    Individuals who wish to attend the Credit Union Advisory Council 
meeting must RSVP to [email protected] by noon, 
Wednesday, March 29, 2017. Members of the public must RSVP by the due 
date and must include ``CUAC'' in the subject line of the RSVP.

III. Availability

    The Council's agenda will be made available to the public on 
Wednesday, March 15, 2017, via consumerfinance.gov. Individuals should 
express in their RSVP if they require a paper copy of the agenda.
    A recording and transcript of this meeting will be available after 
the meeting on the CFPB's Web site consumerfinance.gov.

    Dated: March 9, 2017.
Leandra English,
Chief of Staff, Bureau of Consumer Financial Protection.
[FR Doc. 2017-05045 Filed 3-13-17; 8:45 am]
BILLING CODE 4810-AM-P